Details Emerge on Teucrium’s Swap-Based 2X Long XRP ETF Product (XXRP)
- First US XRP ETF (Teucrium XXRP) reportedly launches today, April 8th (swap-based 2X long)
- Launch seen as bullish catalyst linked to SEC/Ripple settlement progress ($50M fine agreed)
- Analyst voices concern over market timing, fearing tariff chaos may mute ETF impact
Independent issuer Teucrium ETFs is launching the first XRP exchange-traded fund (ETF) in the U.S. today, April 8, 2025, according to Bloomberg ETF analyst James Seyffart.
Seyffart noted via X that the product, ticker XXRP, will be swap-based. Teucrium also reportedly plans to launch separate 2X long XRP futures soon.
Swap-Based 2X Leveraged Product Details
Further details appearing on the Bloomberg terminal described the Teucrium ETF product as seeking daily investment results (before fees/expenses) corresponding to two times (2X) the daily performance of XRP.
This structure offers leveraged exposure through swaps within an ETF wrapper.
Related: XRP ETF News, ETH Upgrade, AI Hype: April Looks Big for These 4 Altcoins
Launch Seen as Bullish Catalyst Post-SEC Settlement
A crypto analyst discussing the launch highlighted …
The post Details Emerge on Teucrium’s Swap-Based 2X Long XRP ETF Product (XXRP) appeared first on Coin Edition.
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XRP Hits New ATH, But $3.12 Retest Still In Play
Details Emerge on Teucrium’s Swap-Based 2X Long XRP ETF Product (XXRP)
- First US XRP ETF (Teucrium XXRP) reportedly launches today, April 8th (swap-based 2X long)
- Launch seen as bullish catalyst linked to SEC/Ripple settlement progress ($50M fine agreed)
- Analyst voices concern over market timing, fearing tariff chaos may mute ETF impact
Independent issuer Teucrium ETFs is launching the first XRP exchange-traded fund (ETF) in the U.S. today, April 8, 2025, according to Bloomberg ETF analyst James Seyffart.
Seyffart noted via X that the product, ticker XXRP, will be swap-based. Teucrium also reportedly plans to launch separate 2X long XRP futures soon.
Swap-Based 2X Leveraged Product Details
Further details appearing on the Bloomberg terminal described the Teucrium ETF product as seeking daily investment results (before fees/expenses) corresponding to two times (2X) the daily performance of XRP.
This structure offers leveraged exposure through swaps within an ETF wrapper.
Related: XRP ETF News, ETH Upgrade, AI Hype: April Looks Big for These 4 Altcoins
Launch Seen as Bullish Catalyst Post-SEC Settlement
A crypto analyst discussing the launch highlighted …
The post Details Emerge on Teucrium’s Swap-Based 2X Long XRP ETF Product (XXRP) appeared first on Coin Edition.
Read More